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Reply to "Opinion | America’s Cities Are Unlivable. Blame Wealthy Liberals. - The New York Times"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Um, he’s making a simple point: when you block housing from being built, there is not enough housing. Not enough housing makes housing prohibitively expensive. [/quote] There is zero room for new housing where I live. Zero open spaces, no land. I remember listening to an NPR piece 10 years ago about how valuable land/property would be exponentially in the future in the close in DC/VA/Md areas. In 10-years, I’ve seen a $400k appreciation in my main property in VA 2.5 miles across boarder of DC. Neighbors that bought 5-7 years before me have seen &1 million, from $400k purchase to $1.4 million value. It’s crazy. [/quote] If you bought 15-17 years ago, before the pre-recession run-up in prices, and held on to your properties, you could expect to see large appreciation in a lot of places further out than this.[/quote]
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